The Corcoran Report
VEGAS HIGH RISE
3Q | 2022 | LAS
LAS VEGAS HIGH RISE
Overview
Total Sold 194
13.5% YEAR OVER YEAR
Total properties sold for Las Vegas High Rise changed 13.5% year-over-year to 194.
Highest Sale $4.2M
20.6% YEAR OVER YEAR
The highest sale price in Las Vegas High Rise changed 20.6% year-over-year to $4.2M.
Days on Market 48
-41.5% YEAR OVER YEAR
Average days on market for Las Vegas High Rise changed -41.5% to 48 days.
Lowest Sale $202K
102.0% YEAR OVER YEAR
The lowest sale price in Las Vegas High Rise changed 102.0% year-over-year to $202K.
Median Price
$380K
18.8% YEAR OVER YEAR
Median price in Las Vegas High Rise changed 18.8% year-over-year to $380K.
Average Price $580K
20.8% YEAR OVER YEAR
Average price in Las Vegas High Rise changed 20.8% year-over-year to $580K.
3Q2022 | LAS VEGAS HIGH RISE
3Q2022 | ALLURE | LAS VEGAS HIGH RISE • Allure sales changed by 25.0% year-over-year. • The highest sale price changed by 8.8% year-over-year, while the lowest sale price changed 19.3% year-over-year. • Average days on market for Allure changed 69.0% to 49 days. • Allure average price changed 16.7% year-over-year, and the median price changed 17.5% year-over-year. Total Properties Sold 15 25.0% YEAR OVER YEAR Average Price $377K 16.7% YEAR OVER YEAR Highest Sale $525K 8.8% YEAR OVER YEAR Median Price $380K 17.5% YEAR OVER YEAR Lowest Sale $260K 19.3% YEAR OVER YEAR Days on Market 49 69.0% YEAR OVER YEAR Allure
3Q2022 | JUHL | LAS VEGAS HIGH RISE • Juhl sales changed by -6.3% year-over-year. • The highest sale price changed by 60.0% year-over-year, while the lowest sale price changed 26.5% year-over-year. • Average days on market for Juhl changed -54.7% to 24 days. • Juhl average price changed 2.0% year-over-year, and the median price changed -18.5% year-over-year. Total Properties Sold 15 -6.3% YEAR OVER YEAR Average Price $401K 2.0% YEAR OVER YEAR Highest Sale $880K 60.0% YEAR OVER YEAR Median Price $340K -18.5% YEAR OVER YEAR Lowest Sale $253K 26.5% YEAR OVER YEAR Days on Market 24 -54.7% YEAR OVER YEAR Juhl
3Q2022 | THE MARTIN | LAS VEGAS HIGH RISE • The Martin sales changed by -33.3% year-over-year. • The highest sale price changed by 12.5% year-over-year, while the lowest sale price changed 23.1% year-over-year. • Average days on market for The Martin changed -21.4% to 55 days. • The Martin average price changed 22.3% year-over-year, and the median price changed 5.7% year-over-year. Total Properties Sold 6 -33.3% YEAR OVER YEAR Average Price $1.2M 22.3% YEAR OVER YEAR Highest Sale $4.2M 12.5% YEAR OVER YEAR Median Price $655K 5.7% YEAR OVER YEAR Lowest Sale $490K 23.1% YEAR OVER YEAR Days on Market 55 -21.4% YEAR OVER YEAR The Martin
3Q2022 | METROPOLIS | LAS VEGAS HIGH RISE • Metropolis sales changed by 200.0% year-over-year. • The highest sale price changed by 357.8% year-over-year, while the lowest sale price changed 212.8% year-over-year. • Average days on market for Metropolis changed -84.2% to 38 days. • Metropolis average price changed 275.4% year-over-year, and the median price changed 255.5% year-over-year. Total Properties Sold 3 200.0% YEAR OVER YEAR Average Price $792K 275.4% YEAR OVER YEAR Highest Sale $966K 357.8% YEAR OVER YEAR Median Price $750K 255.5% YEAR OVER YEAR Lowest Sale $660K 212.8% YEAR OVER YEAR Days on Market 38 -84.2% YEAR OVER YEAR Metropolis
3Q2022 | NEWPORT LOFTS | LAS VEGAS HIGH RISE • Newport Lofts sales changed by -66.7% year-over-year. • The highest sale price changed by -55.2% year-over-year, while the lowest sale price changed 30.9% year-over-year. • Average days on market for Newport Lofts changed 8.3% to 13 days. • Newport Lofts average price changed -40.7% year-over-year, and the median price changed -51.5% year-over-year. Total Properties Sold 1 -66.7% YEAR OVER YEAR Average Price $347K -40.7% YEAR OVER YEAR Highest Sale $347K -55.2% YEAR OVER YEAR Median Price $347K -51.5% YEAR OVER YEAR Lowest Sale $347K 30.9% YEAR OVER YEAR Days on Market 13 8.3% YEAR OVER YEAR Newport Lofts
3Q2022 | THE OGDEN | LAS VEGAS HIGH RISE • The Ogden sales changed by -58.3% year-over-year. • The highest sale price changed by -24.1% year-over-year, while the lowest sale price changed 12.7% year-over-year. • Average days on market for The Ogden changed 3.6% to 29 days. • The Ogden average price changed 6.8% year-over-year, and the median price changed 16.3% year-over-year. Total Properties Sold 5 -58.3% YEAR OVER YEAR Average Price $416K 6.8% YEAR OVER YEAR Highest Sale $480K -24.1% YEAR OVER YEAR Median Price $425K 16.3% YEAR OVER YEAR Lowest Sale $310K 12.7% YEAR OVER YEAR Days on Market 29 3.6% YEAR OVER YEAR The Ogden
3Q2022 | ONE LAS VEGAS | LAS VEGAS HIGH RISE • One Las Vegas sales changed by -86.4% year-over-year. • The highest sale price changed by -54.6% year-over-year, while the lowest sale price changed 54.1% year-over-year. • Average days on market for One Las Vegas changed -71.4% to 16 days. • One Las Vegas average price changed 8.2% year-over-year, and the median price changed 24.4% year-over-year. Total Properties Sold 3 -86.4% YEAR OVER YEAR Average Price $513K 8.2% YEAR OVER YEAR Highest Sale $590K -54.6% YEAR OVER YEAR Median Price $535K 24.4% YEAR OVER YEAR Lowest Sale $420K 54.1% YEAR OVER YEAR Days on Market 16 -71.4% YEAR OVER YEAR One Las Vegas
3Q2022 | ONE QUEENSRIDGE | LAS VEGAS HIGH RISE • One Queensridge sales changed by -72.7% year-over-year. • The highest sale price changed by -22.5% year-over-year, while the lowest sale price changed 43.3% year-over-year. • Average days on market for One Queensridge changed -62.6% to 37 days. • One Queensridge average price changed 40.2% year-over-year, and the median price changed 109.8% year-over-year. Total Properties Sold 3 -72.7% YEAR OVER YEAR Average Price $2.2M 40.2% YEAR OVER YEAR Highest Sale $3.1M -22.5% YEAR OVER YEAR Median Price $2.4M 109.8% YEAR OVER YEAR Lowest Sale $1.1M 43.3% YEAR OVER YEAR Days on Market 37 -62.6% YEAR OVER YEAR One Queensridge
3Q2022 | PALMS PLACE | LAS VEGAS HIGH RISE • Palms Place sales changed by -7.7% year-over-year. • The highest sale price changed by 10.4% year-over-year, while the lowest sale price changed 29.3% year-over-year. • Average days on market for Palms Place changed -73.2% to 15 days. • Palms Place average price changed 21.3% year-over-year, and the median price changed 19.6% year-over-year. Total Properties Sold 12 -7.7% YEAR OVER YEAR Average Price $391K 21.3% YEAR OVER YEAR Highest Sale $530K 10.4% YEAR OVER YEAR Median Price $329K 19.6% YEAR OVER YEAR Lowest Sale $265K 29.3% YEAR OVER YEAR Days on Market 15 -73.2% YEAR OVER YEAR Palms Place
3Q2022 | PANORAMA TOWERS | LAS VEGAS HIGH RISE • Panorama Towers sales changed by -23.8% year-over-year. • The highest sale price changed by -20.4% year-over-year, while the lowest sale price changed 17.7% year-over-year. • Average days on market for Panorama Towers changed -34.5% to 38 days. • Panorama Towers average price changed -3.7% year-over-year, and the median price changed 30.7% year-over-year. Total Properties Sold 16 -23.8% YEAR OVER YEAR Average Price $557K -3.7% YEAR OVER YEAR Highest Sale $1.1M -20.4% YEAR OVER YEAR Median Price $562K 30.7% YEAR OVER YEAR Lowest Sale $300K 17.7% YEAR OVER YEAR Days on Market 38 -34.5% YEAR OVER YEAR Panorama Towers
Towers sales changed by -50.0% year-over-year.
highest sale price changed by -52.7% year-over-year,
sale price changed -2.8% year-over-year.
on
Towers average price
Towers
the
year-over-year,
year-over-year.
3Q2022 | PARK TOWERS | LAS VEGAS HIGH RISE • Park
• The
while
lowest
• Average days
market for Park
changed -4.6% to 126 days. • Park
changed -36.4%
and the median price changed -36.4%
Total Properties Sold 1 -50.0% YEAR OVER YEAR Average Price $2.6M -36.4% YEAR OVER YEAR Highest Sale $2.6M -52.7% YEAR OVER YEAR Median Price $2.6M -36.4% YEAR OVER YEAR Lowest Sale $2.6M -2.8% YEAR OVER YEAR Days on Market 126 -4.6% YEAR OVER YEAR Park Towers
3Q2022 | REGENCY TOWERS | LAS VEGAS HIGH RISE • Regency Towers sales changed by -50.0% year-over-year. • The highest sale price changed by 34.8% year-over-year, while the lowest sale price changed 150.0% year-over-year. • Average days on market for Regency Towers changed -63.2% to 25 days. • Regency Towers average price changed 51.4% year-over-year, and the median price changed 28.2% year-over-year. Total Properties Sold 5 -50.0% YEAR OVER YEAR Average Price $470K 51.4% YEAR OVER YEAR Highest Sale $600K 34.8% YEAR OVER YEAR Median Price $455K 28.2% YEAR OVER YEAR Lowest Sale $350K 150.0% YEAR OVER YEAR Days on Market 25 -63.2% YEAR OVER YEAR Regency Towers
3Q2022 | SIGNATURE MGM | LAS VEGAS HIGH RISE • Signature MGM sales changed by -50.0% year-over-year. • The highest sale price changed by 34.8% year-over-year, while the lowest sale price changed 150.0% year-over-year. • Average days on market for Signature MGM changed -63.2% to 25 days. • Signature MGM average price changed 51.4% year-over-year, and the median price changed 28.2% year-over-year. Total Properties Sold 5 -50.0% YEAR OVER YEAR Average Price $470K 51.4% YEAR OVER YEAR Highest Sale $600K 34.8% YEAR OVER YEAR Median Price $455K 28.2% YEAR OVER YEAR Lowest Sale $350K 150.0% YEAR OVER YEAR Days on Market 25 -63.2% YEAR OVER YEAR Signature MGM
Las Vegas
highest sale price
3Q2022 | SKY LAS VEGAS | LAS VEGAS HIGH RISE • Sky
sales changed by -92.3% year-over-year. • The
changed by -21.0% year-over-year, while the lowest sale price changed 79.1% year-over-year. • Average days on market for Sky Las Vegas changed -76.5% to 24 days. • Sky Las Vegas average price changed 4.4% year-over-year, and the median price changed -9.6% year-over-year. Total Properties Sold 1 -92.3% YEAR OVER YEAR Average Price $470K 4.4% YEAR OVER YEAR Highest Sale $470K -21.0% YEAR OVER YEAR Median Price $470K -9.6% YEAR OVER YEAR Lowest Sale $470K 79.1% YEAR OVER YEAR Days on Market 24 -76.5% YEAR OVER YEAR Sky Las Vegas
3Q2022 | SOHO LOFTS | LAS VEGAS HIGH RISE • Soho Lofts sales changed by 50.0% year-over-year. • The highest sale price changed by 47.0% year-over-year, while the lowest sale price changed 6.6% year-over-year. • Average days on market for Soho Lofts changed 375.0% to 19 days. • Soho Lofts average price changed 31.3% year-over-year, and the median price changed 36.3% year-over-year. Total Properties Sold 3 50.0% YEAR OVER YEAR Average Price $554K 31.3% YEAR OVER YEAR Highest Sale $682K 47.0% YEAR OVER YEAR Median Price $575K 36.3% YEAR OVER YEAR Lowest Sale $405K 6.6% YEAR OVER YEAR Days on Market 19 375.0% YEAR OVER YEAR Soho Lofts
Tower sales changed by -52.0% year-over-year.
highest sale price changed by 27.7% year-over-year,
the lowest sale price changed 3.9% year-over-year.
days on market for Trump Tower changed 14.0% to
Tower average price
year-over-year,
3Q2022 | TRUMP TOWER | LAS VEGAS HIGH RISE • Trump
• The
while
• Average
114 days. • Trump
changed 1.6%
and the median price changed -7.9% year-over-year. Total Properties Sold 12 -52.0% YEAR OVER YEAR Average Price $351K 1.6% YEAR OVER YEAR Highest Sale $1.2M 27.7% YEAR OVER YEAR Median Price $276K -7.9% YEAR OVER YEAR Lowest Sale $215K 3.9% YEAR OVER YEAR Days on Market 114 14.0% YEAR OVER YEAR Trump Tower
3Q2022 | TURNBERRY PLACE | LAS VEGAS HIGH RISE • Turnberry Place sales changed by -60.9% year-over-year. • The highest sale price changed by 7.1% year-over-year, while the lowest sale price changed 45.8% year-over-year. • Average days on market for Turnberry Place changed -12.5% to 42 days. • Turnberry Place average price changed 12.9% year-over-year, and the median price changed -12.3% year-over-year. Total Properties Sold 9 -60.9% YEAR OVER YEAR Average Price $1.0M 12.9% YEAR OVER YEAR Highest Sale $3.0M 7.1% YEAR OVER YEAR Median Price $680K -12.3% YEAR OVER YEAR Lowest Sale $525K 45.8% YEAR OVER YEAR Days on Market 42 -12.5% YEAR OVER YEAR Turnberry Place
3Q2022 | TURNBERRY TOWERS | LAS VEGAS HIGH RISE • Turnberry Towers sales changed by -65.5% year-over-year. • The highest sale price changed by 4.5% year-over-year, while the lowest sale price changed 16.1% year-over-year. • Average days on market for Turnberry Towers changed -9.5% to 38 days. • Turnberry Towers average price changed 17.1% year-over-year, and the median price changed 21.0% year-over-year. Total Properties Sold 10 -65.5% YEAR OVER YEAR Average Price $617K 17.1% YEAR OVER YEAR Highest Sale $1.0M 4.5% YEAR OVER YEAR Median Price $605K 21.0% YEAR OVER YEAR Lowest Sale $360K 16.1% YEAR OVER YEAR Days on Market 38 -9.5% YEAR OVER YEAR Turnberry Towers
3Q2022 | VDARA | LAS VEGAS HIGH RISE • Vdara sales changed by -63.6% year-over-year. • The highest sale price changed by -11.9% year-over-year, while the lowest sale price changed 28.8% year-over-year. • Average days on market for Vdara changed -82.4% to 41 days. • Vdara average price changed 29.4% year-over-year, and the median price changed 44.6% year-over-year. Total Properties Sold 4 -63.6% YEAR OVER YEAR Average Price $666K 29.4% YEAR OVER YEAR Highest Sale $850K -11.9% YEAR OVER YEAR Median Price $673K 44.6% YEAR OVER YEAR Lowest Sale $470K 28.8% YEAR OVER YEAR Days on Market 41 -82.4% YEAR OVER YEAR Vdara
3Q2022 | VEER TOWERS | LAS VEGAS HIGH RISE • Veer Towers sales changed by -42.9% year-over-year. • The highest sale price changed by -36.1% year-over-year, while the lowest sale price changed 1.7% year-over-year. • Average days on market for Veer Towers changed -51.7% to 70 days. • Veer Towers average price changed -14.0% year-over-year, and the median price changed -6.3% year-over-year. Total Properties Sold 8 -42.9% YEAR OVER YEAR Average Price $467K -14.0% YEAR OVER YEAR Highest Sale $735K -36.1% YEAR OVER YEAR Median Price $438K -6.3% YEAR OVER YEAR Lowest Sale $300K 1.7% YEAR OVER YEAR Days on Market 70 -51.7% YEAR OVER YEAR Veer Towers
Waldorf-Astoria
sale
year-over-year,
3Q2022 | WALDORF-ASTORIA | LAS VEGAS HIGH RISE • Waldorf-Astoria sales changed by 50.0% year-over-year. • The highest
price changed by -3.7%
while the lowest sale price changed 61.7% year-over-year. • Average days on market for Waldorf-Astoria changed -38.2% to 55 days. • Waldorf-Astoria average price changed 22.6% year-over-year, and the median price changed 40.2% year-over-year. Total Properties Sold 6 50.0% YEAR OVER YEAR Average Price $2.5M 22.6% YEAR OVER YEAR Highest Sale $3.9M -3.7% YEAR OVER YEAR Median Price $2.1M 40.2% YEAR OVER YEAR Lowest Sale $1.9M 61.7% YEAR OVER YEAR Days on Market 55 -38.2% YEAR OVER YEAR
Methodology
The Corcoran Report offers current and valuable information regarding the local market. Each region reported on is broken down by neighborhood and contains specific details and insights related to that market.
METRICS
TOTAL PROPERTIES SOLD is the total number of properties that closed within the quarter reported.
HIGHEST SALE is the highest priced property that was sold in the area being reported on during the quarter reported.
LOWEST SALE is the lowest priced property that was sold in the area being reported on during the quarter reported.
AVERAGE PRICE is the price calculated by dividing the combined prices of properties by the amount of sold properties in that same area.
DISCLAIMER
MEDIAN PRICE is the middle or midpoint price where half of sales fall below and half fall above this number.
DAYS ON MARKET averages how long a unit takes to sell and is calculated from subtracting the list date from the date of close.
SOURCE
Figures in this report are based on publicly reported closed sales information via the Multiple Listing Service.
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